When faith in growth fades, all that remains is to watch the decline.

Bitcoin continues to move within a local sideways trend, but market tension is rising. Currently, the BTC price is approaching the 84K level, with the possibility of a short-term rise to the 86-87K area — however, it is clearly unrealistic to expect a sustainable upward movement. Why? We'll explain everything now.

📉 The market is weak: where are the buyers?

If Bitcoin had fans with thick wallets, they would have already made their presence felt. But at the moment, the market shows weakness — there is no active buyer, participants are in fear, and large players are not in a hurry to scoop up BTC at current prices.

The reasons for weakness are obvious:

  1. Miners under pressure:
    Mining difficulty is increasing, costs are rising, and to survive, miners have to sell off the coins they mined. Their capitulation is direct pressure on the price.

  2. Outflow from BTC-ETF continues:
    Since the beginning of February, we have seen a steady negative trend in inflows to spot BTC-ETFs. Trust among major institutional investors is waning, and along with it, support for the price evaporates. If earlier ETFs were the 'locomotive' pulling the price up, now they are more likely to be braking the entire market.

🔍 What's next? Is it time to prepare for 72K?

As long as Bitcoin has not closed the GAP at the 85.7K level, there remains the likelihood of a local upward surge. But don't harbor illusions — the market is clearly set for a decline. We've already talked about this, and the situation is developing exactly according to our scenario.

More and more factors indicate a test of the 72K area — that is where the further fate of the market will be decided. With high probability, this is the zone where we can see a local bottom and a reversal.

🎯 Why is 72K a key point?

  1. Technical support:
    An important level is at around 72K, which previously served as an accumulation zone. If Bitcoin reaches there, it is likely that there will be interest from large players.

  2. Psychological boundary:
    For many traders, 72K is the last line before a deeper decline. If the level holds, we may see a rapid rebound and market reversal.

  3. Game of big money:
    Let's not forget that for serious buyers, it is more profitable to buy during fears and panic. It is precisely around 72K that those so-called 'invisible hands' may appear to turn the entire market.

📌 For now, without illusions

We continue to monitor the situation and prepare for the descent to the 72K area. There we will make decisions based on the real market situation.

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